The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1887-09-02

wonderful power of influencing men. / look
upon him as belonging to that class of men
to which Bismarck belongs, and Napoleon
Bonaparte belonged, and he has many quail
ties in common with them. don't think he
has great moral sense. His religion, like
that OF Bonaparte, is success, and he regards
obstacles only as to be overcome. Any means
which will overcome these are right, and
doubt whether his conscience troubles him in
the least as to what he has done. Had he sue
ceeded in floating his last S., 500, 600 of stock
he would have completed his road to the Pa
cifc and would have been the great financier.
of the day. As it Is it is impossible to say
whether he will escape the courts. His meth
ods have not been much unlike many of those
practiced on the street, save that he has taken
in the brokers while they have heretofore
gobbled only outsiders
"Tell me something about the Mutual Union
deal which first brought him to the front"
"That occurred a couple of years ago.
think Ives had not vet establishes his ranllta-
tion as stock dealer, but he was skirmishing
around speculating wherever he could The
most of the Mutual Union telegraph stock
had been called in and there was only 700
shares out The Western Union wanted to
get the whole stock and wipe the company
out or merge it into their company. Ives got
an express Office clerk in Newark, N. j., to
write to a number of New York brokers ask.
ing them on what terms they would sell short
an inactive stock for him. He received re-
plies from them that they would do it for q
five per cent margin He then telegraphed
each of them to sell several hundred shares
of Mutual Union short for him, and with the
telegram came the words, "Will send to-
morrow These words were supposed by the
brokers to mean will send cash tomorrow,
and they sold the stock, amounting alto
gether to several thousand shares. 1t was
very unbusinesslike, but they did it, Ives
had his broker buy this stock, and when the
brokers of the express agent tried to get it for
delivery they found none to buy. The stock
went up like shot. They had to have it or
they would lose their regulations, and the
result was that Ives. with no money invested
to speak of, made a nice thing out of it. 1t
was for this transaction that Doremus. as
being the partner of Ives. was afterward put
out of the exchange
~
"What do you think of his future?"
@He will have a future beyond a doubt.
His head is too active and his schemes too
broad to allow him to lack hackers. Whether
he will save anything out of this crash is
question. But he is bound to come to the
front again, and he may yet be the Jay
Gould of the future. He is too sanguine, and
he lacks good balance wheel In the hands
of capitalists who will act as restraining
power within he will yet make millions by
sharp speculation. and he has years yet to do
Tin. jaw Gould was 80 think. when the
Black FRIDAY speculation sent Inn to the
front. Who can tell where Ives will be when
he is four years older?"
am inclined to think my broker friend
is correct Ives is entirely too active guam
tity to remain quiet. His methods and his
transactions which have been lately fully
ventilated in the newspapers have been as
peculiar as those of Bret Harte's heathen
Chinee. But Wall street does not deal in
gilt edged honesty. and the technicalities of
the law rather than the spirit of the sermon
ON the mount form its code of morals He
has had the best of legal talent, and it is
doubtful whether anything can be done to |
him. FRANK g. CARPENTER.